DEMERLAND: what changed
Two fiscal years side by side, explained: what moved most in the balance sheet and the result, why the result rose or fell, and where the money went.
DEMERLAND
Largest movements
- Cash +€6,623
up €6,623 (+6.2%), from €107,406 to €114,029
mainly Depreciation (+€3,336) and Net result for the year (+€2,767)
- Tangible fixed assets -€3,336
down €3,336 (-24.7%), from €13,518 to €10,182
of which Land and buildings: -€1,706
- Receivables within one year +€1,609
up €1,609 (+12.3%), from €13,092 to €14,701
of which Other amounts receivable: +€1,202
- Profit (loss) carried forward +€2,767
up €2,767 (+11.4%), from -€24,330 to -€21,563
- Other debts +€2,213
up €2,213 (+7.2%), from €30,789 to €33,001
- Gross operating margin +€17,640
up €17,640, from -€11,418 to €6,222
- Other operating charges -€877
no longer reported in 2025 (was €877)
From the 2024 result to the 2025 result
Each bar is the change in one income-statement line, as its effect on the result: higher costs pull it down, higher income lifts it.
Cash bridge derived
Derived from the 2024 and 2025 balance sheets and the 2025 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €134,017 | €138,912 | +€4,895 | +3.7% |
| Fixed assets | 21/28 | €13,518 | €10,182 | -€3,336 | -24.7% |
| Tangible fixed assets | 22/27 | €13,518 | €10,182 | -€3,336 | -24.7% |
| Land and buildings | 22 | €3,412 | €1,706 | -€1,706 | -50.0% |
| Furniture and vehicles | 24 | €10,106 | €8,476 | -€1,630 | -16.1% |
| Current assets | 29/58 | €120,498 | €128,730 | +€8,231 | +6.8% |
| Amounts receivable within one year | 40/41 | €13,092 | €14,701 | +€1,609 | +12.3% |
| Trade receivables | 40 | €11,040 | €11,447 | +€407 | +3.7% |
| Other amounts receivable | 41 | €2,052 | €3,254 | +€1,202 | +58.6% |
| Cash at bank and in hand | 54/58 | €107,406 | €114,029 | +€6,623 | +6.2% |
| Total equity and liabilities | 10/49 | €134,017 | €138,912 | +€4,895 | +3.7% |
| Equity | 10/15 | €100,031 | €102,797 | +€2,767 | +2.8% |
| Contributions | 10/11 | €88,810 | €88,810 | = | 0.0% |
| Capital | 10 | €88,810 | €88,810 | = | 0.0% |
| Issued capital | 100 | €88,810 | €88,810 | = | 0.0% |
| Reserves | 13 | €35,550 | €35,550 | = | 0.0% |
| Non-distributable reserves | 130/1 | €8,881 | €8,881 | = | 0.0% |
| Legal reserve | 130 | €8,881 | €8,881 | = | 0.0% |
| Distributable reserves | 133 | €26,669 | €26,669 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€24,330 | -€21,563 | +€2,767 | +11.4% |
| Amounts payable | 17/49 | €33,986 | €36,115 | +€2,129 | +6.3% |
| Amounts payable within one year | 42/48 | €33,986 | €36,115 | +€2,129 | +6.3% |
| Trade debts | 44 | €3,197 | €3,113 | -€84 | -2.6% |
| Suppliers | 440/4 | €3,197 | €3,113 | -€84 | -2.6% |
| Taxes, remuneration and social security | 45 | €0 | - | = | |
| Taxes | 450/3 | €0 | - | = | |
| Other amounts payable | 47/48 | €30,789 | €33,001 | +€2,213 | +7.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,336 | €3,336 | = | 0.0% |
| Other operating charges | 640/8 | €877 | - | -€877 | |
| Gross operating margin | 9900 | -€11,418 | €6,222 | +€17,640 | |
| Operating profit (loss) | 9901 | -€15,631 | €2,886 | +€18,517 | |
| Financial income | 75/76B | €0 | - | = | |
| Recurring financial income | 75 | €0 | - | = | |
| Financial charges | 65/66B | €110 | €120 | +€9 | +8.3% |
| Recurring financial charges | 65 | €110 | €120 | +€9 | +8.3% |
| Profit (loss) for the period before taxes | 9903 | -€15,741 | €2,767 | +€18,508 | |
| Profit (loss) for the period | 9904 | -€15,741 | €2,767 | +€18,508 | |
| Profit (loss) for the period to be appropriated | 9905 | -€15,741 | €2,767 | +€18,508 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 3 October 2026 via checked.be.